- U.S Markets closed higher Yesterday.
- During Market hours Dow futures were lower.
- Yesterday Nasdaq outperformed all the major indexes after so long
- Asian markets are mixed.
- SGX Nifty is indicating a big gap up of 250 points.
- Yesterday exactly near 200 DMA we witnessed a severe selling.
- Nifty crashed 300 points from day high and Bank Nifty crashed 1000 points.
- This is a reversing Market and the reversals can be quite strong.
- India VIX shot up to 27 yesterday.
- Yesterday U.S VIX crashed 6% and closed below 30 which is a good sign.
- Russia - Ukraine talks don't seem to have any good outcome
- No solution is being found yet on that front.
- War doesn't seem to be ending anytime soon.
- Today as well we could find some sort of selling pressure near 17k.
- One can sell this gap up with a stoploss of 17000 on Nifty.
- We have fed event today and I feel it's already factored in
- So it's likely to be a Non - Event.
- Crude Oil slips below 95$ / barrel.
- This is a very positive development for india.
- China has detected fresh round of Covid cases.
- Because of this they have been imposing further lockdowns
- This has led to a fall in crude oil prices which is indirectly benefitting India.
- Nifty might Trade between 16600 to 17000 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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